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of <h1>Central Government Approves Mumbai Industrial Park for Tax Benefits u/s 80IA(4)(iii) of Income-Tax Act.</h1> The Central Government has notified an industrial park developed by a company in Mumbai under Section 80IA(4)(iii) of the Income-Tax Act, 1961. The park, located in Marol, Andheri (East), spans 22,790.76 sq. meters and is approved for activities including data processing, software development, and consultancy services. The project involves a total investment of 96.52 crores INR, with specific allocations for industrial and commercial use. Conditions include maintaining a minimum investment in infrastructure and adhering to specific operational guidelines. Tax benefits are contingent on compliance with these terms, and any changes require government approval.
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